Spot XRP ETFs traded in the US recorded net daily outflows for the first time since the announcement, ending a 36-day streak of uninterrupted inflows. While data revealed a total net outflow of $40.8 million on Wednesday, the timing of the move came after a short-term rise in the XRP price. The development, together with the strong outflows seen in Bitcoin and Ethereum ETFs on the same day, points to a temporary weakening of risk appetite in the crypto asset market. Analysts emphasize that the scale remains limited and does not disrupt the medium-term trend on its own.
First Net Exit in Spot XRP ETFs
Five U.S.-listed spot XRP ETFs reported net outflows totaling $40.8 million on Wednesday, according to SoSoValue data. The most significant movement of the day was seen in the TOXR fund managed by 21Shares, with $47.25 million allocated from the fund. In comparison, Canary, Bitwise, and Grayscale’s products recorded limited net inflows of around $2 million.
Starting with Canary’s XRPC product in November, XRP ETFs had collected a total of $1.25 billion in net inflows by Wednesday. The first net outflow day represents a small portion of this accumulation. Market comments indicate that profit taking has come into play after XRP increased from $1.8 to $2.4 in the last week.
BTC Markets crypto analyst Rachael Lucas noted that outflows remained limited in scale, accounting for less than 3 percent of cumulative inflows. According to Lucas, low reserves and high transaction volumes on exchanges indicate continued demand on the on-chain side; If inflows accelerate again, it is possible to retest the $3 level.
Simultaneous Movement in Bitcoin and Ethereum ETFs
The development on the XRP side coincided with the strong outflows seen in Bitcoin and Ethereum ETFs on the same day. Spot Bitcoin ETFs reported a net outflow of $486 million, while $247.6 million left Fidelity’s FBTC fund and $130 million from BlackRock’s IBIT product. The total amount coming out of Bitcoin ETFs in the last two days has exceeded $700 million.
Ethereum ETFs also saw net outflows of $98.5 million on Wednesday. Grayscale’s ETHE fund was at the center of the movement, raising $52 million from the fund. This chart marks the first day of net outflows recorded for Ethereum ETFs in 2026, following inflows of $457 million seen in the first three trading days of the year.
Lucas stated that portfolio balancing and deleveraging were effective after Bitcoin rose to the $94,000 level. Min Jung from Presto Research stated that investors are more comfortable turning to stocks in the short term, and that the cautious stance in crypto assets is reflected in prices and ETF flows.
